Borosil Glass Works is currently trading at Rs 4430.00, up by 80.10 points or 1.84% from its previous closing of Rs 4349.90 on the BSE.
The scrip opened at Rs. 4450.00 and has touched a high and low of Rs. 4499.00 and Rs. 4400.00 respectively. So far 2001 shares were traded on the counter.
The BSE group 'XC' stock of face value Rs. 10 has touched a 52 week high of Rs. 4989.00 on 18-May-2016 and a 52 week low of Rs. 1910.25 on 03-Aug-2015.
Last one week high and low of the scrip stood at Rs. 4540.60 and Rs. 4016.00 respectively. The current market cap of the company is Rs. 1023.33 crore.
The promoters holding in the company stood at 72.00%, while Institutions and Non-Institutions held 5.01% and 22.99% respectively.
Borosil Glass Works (Borosil) has acquired 60.3 percent shares in Klasspack on July 29, 2016. While a majority of the funds were by way of primary infusion into the company, there was a smaller secondary purchase of shares as well. Borosil, a global brand synonymous with high quality glassware, is the market leader for laboratory glassware for India's leading Pharmaceutical companies, Research Laboratories, Healthcare, Science and Educational institutes. Klasspack, a closely held company with manufacturing facilities in Nashik, Maharashtra, is a leading manufacturer of Glass Ampoules and Tubular Glass Vials used as primary packaging materials by pharmaceutical companies.
With compliance becoming increasingly stringent in the Indian pharmaceutical sector, Borosil plans to combine its technological expertise in specialty glass production with Klasspack's experience in world-class glass ampoule and tubular glass vial production to offer pharma majors a reliable partner to source their primary glass packaging.
Borosil Glass Works is the market leader for laboratory glassware and microwavable kitchenware in India.
| Company Name | CMP |
|---|---|
| Asahi India Glass | 851.60 |
| Borosil Renewables | 498.50 |
| Borosil Scientific | 118.55 |
| Haldyn Glass | 91.76 |
| La Opala R G | 180.45 |
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